Mizoram Economy Flourishing

Aizawl, Jan 31 : Mizoram Chief Minister Lal Thanhawla today said that due to the long 20-years insurgency, Mizoram could not join with its counterparts in respect of development in economy but with the help of various nationalised agency like NABARD, the state’s economy and development is on the path of improvement.

The chief minister was saying this while delivering a speech at the ‘State Credit Seminar for 2012-13’ organised by National Bank for Agriculture and Rural Development (NABARD), Mizoram regional office in Aizawl today.

Lal Thanhawla Mizoram is rich in various natural resources which will greatly act as a catalyst in the improvement of the state`s economy. He also informed the gathering that his government will take necessary steps to materialise the points which are mentioned in the State Focus Paper prepared by NABARD.

State Credit Seminar 2012-13 is being organised to discuss State Focus Paper prepared by the NABARD for the upcoming year i,e,. 2012-13.

Lal Thanhawla while expressing concern for improvement of farmers said that agriculture credit flow should be introduced more extensively across the state so that each and every farmer enjoys the benefit. The chief minister also asked NABARD to introduce scheme for government flagship programme New Land Use Policy (NLUP) beneficiaries so as to make them successful in utilising the funds received through the programme (NLUP).

He further asked NABARD to continue giving credit support to various self help groups and give special attention to hand-loom sector. “NABARD should frequently organise awareness programme so that loan repayment will be more regular, he appealed. The present condition of loan repayment which stood at 63% is comparatively low,” said the chief minister.

It can be noted that NABARD is expanding its developmental initiatives for all round economic growth of Mizoram through various financial and promotional interventions.